Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please solve this as soon as possible. thanks

please solve this as soon as possible. thanks 21....

50.1K

Verified Solution

Question

Accounting

please solve this as soon as possible. thanks image
image
21. Calculating Cash Flow (LO2) Narticoke Industries had the following operating results for 2018 sales $22,800 cost of goods sold = $16,050; depreciation expense = $4,050; interest expense = $1.830. dividends paid = $1,300 At the beginning of the year. net assets were $13.650, current assets were $4.800, and current liabilities were 52.700. At the end of the year, net fixed assets were $ 16,800, curretit assets were 55.930, and current liabilities were $3.150. The tax rate for 2018 was 345 What is net income for 2018? What is the operating cash flow for 2018? c. What is the cash flow from assets for 2018? Is this possible? Explain. . If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholderst Explain and interpret the positive and negative signs of your answers in (a) through (d)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students